M&A Deal Summary

Nazca Capital Acquires Grupo Terratest

On December 5, 2018, private equity firm Nazca Capital acquired construction company Grupo Terratest from Platinum Equity

Acquisition Highlights
  • This is Nazca Capital’s 1st transaction in the Construction sector.
  • This is Nazca Capital’s 27th transaction in Spain.

M&A Deal Summary

Date 2018-12-05
Target Grupo Terratest
Sector Construction
Buyer(s) Nazca Capital
Sellers(s) Platinum Equity
Deal Type Secondary Buyout

Target

Grupo Terratest

Madrid, Spain
Grupo Terratest is a specialized international contractor providing foundation work, ground improvement, and micro-tunneling services for large-scale infrastructure projects and industrial, commercial and residential construction. Grupo Terratest was founded in 1959 and is based in Madrid, Spain.

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Buyer(S) 1

Buyer

Nazca Capital

Madrid, Spain

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 755M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Nazca Private Equity is an investment firm focused on investing in private, small and medium-sized Spanish companies. Nazca looks for businesses with value-added products or services, proven track records, leading market positions, and sustainable competitive advantages. Prospective companies generally have sales of €10 to €300 million. The Firm's target investment size is €7 to €50 million. Funds are typically used to support buyouts, growth capital financings, add-ons, and consolidations. Nazca began investing in 2001 and is based in Madrid.


DEAL STATS #
Overall 27 of 43
Sector (Construction) 1 of 1
Type (Secondary Buyout) 2 of 2
Country (Spain) 27 of 43
Year (2018) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-11 Herbex

Almería, Spain

Herbex is a provider of fresh aromatic herbs. Herbex offers a wide product catalogue including all the families of fresh aromatic herbs that it sells in different formats and grammages to adapt to its customers’ needs. Herbex was founded in 1984 and is based in Almería, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-07 Diater

Leganés, Spain

Diater is a bio-pharmaceutical company, specialized in allergy , which offers the doctor and the patient a wide range of diagnostic and treatment products, with the aim of significantly improving the quality of life of the allergic patient. Diater was founded in 1999 and is based in Leganés, Spain.

Buy €45M

Seller(S) 1

SELLER

Platinum Equity

Beverly Hills, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 48.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Platinum Equity's headquarters in Beverly Hills, California.
Platinum Equity's headquarters in Beverly Hills, California.

Platinum Equity is a private equity firm focused on acquiring divestitures of larger public companies primarily in North America and Europe. Historically, Platinum targeted technology/software related businesses, however, the firm has since branched out beyond tech and will consider acquisitions in a broad range of industries including chemicals, communications, logistics, healthcare, automotive, industrial products, and business services. Platinum Equity was formed in 1995 by Tom Gores and is based in Beverly Hills, California.


DEAL STATS #
Overall 58 of 78
Sector (Construction) 1 of 2
Type (Secondary Buyout) 15 of 21
Country (Spain) 1 of 1
Year (2018) 9 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-07 Jostens

Minneapolis, Minnesota, United States

Jostens is a producer of school-related affinity products, including yearbooks, class rings, announcements and accessories, diplomas, caps and gowns and school photography. Jostens' products celebrate important moments and recognize achievements in high schools, colleges and middle schools and the Company is also a leading provider of products to athletic chmiampions and their fans.

Buy $1.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-07 PCI

Singapore, Singapore

PCI is an electronics manufacturing services provider, offering design, manufacturing, testing, and supply chain services to global customers. The business acts as an EMS provider for diverse end markets, including automotive, industrial equipment, commercial, consumer/lifestyle, and medical. PCI was founded in 1972 and is based in Singapore.

Buy -